Archive for June, 2011

Swing Trading BLOG – Week in Review June 24, 2011

Sunday, June 26th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

After a the short term retrace continued until mid week traders watched as the overall market again pushed lower to close the week.

The weakness continues in the market and Thursdays GAP DOWN had traders looking again to the SHORT side for trades.

As we take a look at the sector ETF's we see weakness across the board.

Energy and Oil remain weak.

USO - Swing Trading ETF

The Financials and Broker/Dealers got hammered.

IAI - Swing Trading ETF

Agriculture is holding on by a thread.

DBA - Swing Trading ETF

If we look the through the charts of the stocks in our database we see a mixed bag.

Some of the NON CORRELATED stocks are actually showing some strength.

$ELN, $LULU, $CROX and $FIRE are on this list.

A few "market" or CORRELATED are as well.

Take a look at $TIF, $BOBE, $BBY and $COG.

As we move into next week look for the signs or clues that the market gives.

If we will continue to trade lower the sellers should step in so take notice.

If the sellers don't show themselves we could chop around a bit while traders decide where we go from here.

Until next week…Good Trading to YOU!

Swing Trading BLOG – Week in Review – June 17, 2011

Sunday, June 19th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

Swing Traders saw more of the same this week and the overall market continued to drift lower.

Tuesday traders watched as the market had a decent GAP UP but this was quickly followed by a GAP DOWN the next day which erased all of the gains.

Thursday and Friday the indices floated around on lighter volume but that didn't stop some of the sector ETF's from continuing their moves lower.

The Semiconductors ($SMH) continued to free fall as did the entire Technology sector ($XLK).

Here is a look at the chart of Inverse ETF ($SSG) for the Semiconductor sector.

SSG - Inverse ETF

The Energy and Oil sectors also pushed lower after showing signs of losing strength last week.

$USO finally broke out of a month and half long sideways trading pattern to trade down to new multi month lows.

USO - Swing Trading ETF

The Steel sector ($SLX) pushed to new lows and finally the Agriculture ETF's ($MOO $DBA) also became the latest to succumb to the selling pressure.

$MOO

As far as individual stocks go there were plenty of SHORT swing trading opportunities this week.

$CREE and $RIMM were two notable standouts this week.

$CREE was actually on out LONG Watch List at the end of last month.

After the lack of follow through to the up side it quickly returned to a SHORT watch earlier this month.

$CREE - SHORT Swing Trading

If you have followed our Swing Trading BLOG for any length of time you will know that we have been bearish on $MOS for quite awhile.

The moves in $MOS to the downside have been very "clean" moves and this week was no exception!

After a "double bottom" bounce the selling resumed Monday and the move lower was a good one.

$MOS - SHORT Swing Trading

There are still a few stocks that are holding up nicely and some are actually making new highs.

Although situations stick out to us we are clearly in a bearish phase of this market so why fight the trend (now that its clear)?

We are due for a retrace in the market so as always continue to wait for those setups with good risk reward ratios.

Until next week…Good Trading to You!

Swing Trading BLOG – Week in Review – June 10, 2011

Sunday, June 12th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

And DOWN WE GO!

Inverse ETF's rally and the SHORTS come out in droves.

Traders watched the overall market continue its sell off this week.

After four days of sideways trading the sellers stepped in again on Friday and pushed the market down to new multi month lows.

Almost every sector on the map felt the pain.

Technology related ETF's continued to fall.

XLK - Swing Trading ETF

Real Estate and Financial ETF's got pummeled.

XLF - Swing Trading ETF

The Energy and Oil ETF's that were showing signs of strength last week are now not looking so strong.

If these sectors break down through the near term support levels they definitely have room to fall.

XLE - Swing Trading ETF

The market looks ripe to continue to move lower as the strongest stocks look to be "rolling over".

If you are looking to the SHORT side for trades try to find stocks or ETF's that are not yet extended to the downside.

If you are not comfortable with SELLING SHORT then you can always look to "get long" some Inverse ETF's.

As always be prepared for anything and act accordingly.

Until next week…Good Trading to YOU!

Swing Trading BLOG – Week in Review – June 3, 2011

Sunday, June 5th, 2011

Swing Trading BLOG – Swing Trading BOOT CAMP

DIA - Swing Trading ETF

The DOWN move continues!

After one day of trading above its 50 day SMA the DJIA sold off for the rest of the holiday shorted week.

The push lower takes the markets to a new six week low.

Most (not all) sectors followed suit as the sellers came out in force.

The Financials ($XLF) and the Homebuilders ($XHB) were hit hard.

XLF - Swing Trading ETF

Technology ($XLK) and more specifically the Semiconductors ($SMH) also had a rough week.

SMH - Swing Trading ETF

Retail ($RTH) was holding up but finally gave way to the selling this week as well.

RTH - Swing Trading ETF

The Energy ($XLE) and Oil ($OIH) ETF's actually held up rather well this week.

OIH - Swing Trading ETF

Who knows if this SHORT TERM relative will hold up but it is something to watch as we move forward from here.

The Agriculture ETF's ($DBA $MOO) also are showing some signs of strength.

DBA - Swing Trading ETF

The overall market is pretty near a SHORT TERM oversold level so keep that in mind as we go into next week.

Don't chase the market down and wait for your setups to develop.

Be prepared for whatever the market does from here and as always…Good Trading to YOU!

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